An interesting article was posted today in The Age regarding information that was recently made available by the Department of Human Services in Victoria looking at rental housing affordability. The article highlights that the figures indicate that rental affordability in what have been traditionally cheaper areas has decreased, particularly over the last 5 years or so. It is interesting to see that rental affordability is stated as constituting no more than 30 per cent of a weekly welfare payment. A few comments are raised regarding the difference between affordability in metropolitan and regional areas as well as some of the perceived influences over why this affordability is decreasing. I’d recommend having a read over the article to have a look at some of the comments people are making, I can’t say I agree with them all but always interesting to hear perspectives other than your own. If you would like to see the rental affordability for other areas in Victoria click on the image below to go to the interactive table where you can select individual municipalities.